Rasandik Engineering Industries India Ltd

About

Rasandik Engineering Industries India Limited is engaged in manufacturing of sheet metal components for automobiles.

  • Market Cap 30.4 Cr.
  • Current Price 51.0
  • High / Low 67.0 / 31.9
  • Stock P/E 4.79
  • Book Value 58.0
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 20.2 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.88 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last 3 years: -7.65%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
176 189 211 249
160 163 182 216
Operating Profit 15 25 28 33
OPM % 9% 13% 13% 13%
Other Income 1 4 1 1
Interest 5 8 15 13
Depreciation 6 9 11 12
Profit before tax 5 12 4 9
Tax % 40% 48% 91% 28%
Net Profit 3 6 0 6
EPS in Rs 6.90 12.61 0.76 13.38
Dividend Payout % 15% 12% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:12%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:25%
TTM:1664%
Stock Price CAGR
10 Years:-3%
5 Years:-2%
3 Years:-30%
1 Year:-10%
Return on Equity
10 Years:%
5 Years:%
3 Years:14%
Last Year:20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
5 5 5 5
Reserves 20 25 24 30
Borrowings 122 158 178 152
59 68 95 109
Total Liabilities 206 256 302 296
88 134 158 159
CWIP 49 43 55 45
Investments 0 0 0 0
69 78 89 92
Total Assets 206 256 302 296

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
7 18 43 44
-58 -49 -37 -10
56 29 -6 -35
Net Cash Flow 4 -2 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010
ROCE % 12% 9% 11%
Debtor Days 52 44 43 39
Inventory Turnover 5.44 4.46 4.61

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
53.95 53.95 43.80 45.27 45.35 45.60 45.72 46.11 46.23 46.30 46.30 46.30
0.00 0.00 1.29 1.26 1.26 1.26 1.26 1.26 1.26 1.26 0.00 1.26
0.07 0.07 0.05 0.00 0.05 0.05 0.05 0.05 0.07 0.05 1.31 0.05
45.99 45.99 54.85 53.47 53.34 53.10 52.97 52.58 52.45 52.40 52.40 52.40

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